Hyatt Hotels Corporation (H) Issues Earnings Results, Beats Estimates By $0.09 EPS
Hyatt Hotels Corporation (NYSE:H) posted its quarterly earnings data on Thursday. The company reported $0.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.09, Bloomberg Earnings reports. Hyatt Hotels Corporation had a return on equity of 6.07% and a net margin of 4.66%. The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the company earned $0.47 EPS.
Shares of Hyatt Hotels Corporation (NYSE H) traded up $4.54 on Friday, hitting $67.36. The company had a trading volume of 787,421 shares, compared to its average volume of 535,038. The company has a market cap of $8,422.02, a P/E ratio of 37.42, a price-to-earnings-growth ratio of 10.17 and a beta of 1.20. The company has a quick ratio of 1.26, a current ratio of 1.27 and a debt-to-equity ratio of 0.38.
H has been the subject of a number of analyst reports. Robert W. Baird reaffirmed a “buy” rating and set a $68.00 price objective on shares of Hyatt Hotels Corporation in a research report on Friday, September 8th. Wolfe Research raised Hyatt Hotels Corporation from an “underperform” rating to a “market perform” rating in a research report on Monday, July 10th. BidaskClub lowered Hyatt Hotels Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $61.00 price objective on shares of Hyatt Hotels Corporation in a research report on Tuesday, October 17th. Finally, Morgan Stanley raised their price objective on Hyatt Hotels Corporation from $63.00 to $67.00 and gave the company an “equal weight” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $61.63.
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In other news, Director Richard A. Friedman sold 8,654,050 shares of Hyatt Hotels Corporation stock in a transaction on Monday, August 14th. The stock was sold at an average price of $57.58, for a total transaction of $498,300,199.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Stephen G. Haggerty sold 7,117 shares of Hyatt Hotels Corporation stock in a transaction on Thursday, October 19th. The stock was sold at an average price of $61.60, for a total value of $438,407.20. Following the sale, the insider now directly owns 57,326 shares of the company’s stock, valued at approximately $3,531,281.60. The disclosure for this sale can be found here. Insiders have sold 8,938,681 shares of company stock valued at $515,694,337 in the last three months. Insiders own 27.51% of the company’s stock.
Hyatt Hotels Corporation Company Profile
Hyatt Hotels Corporation is a global hospitality company. The Company develops, owns, operates, manages, franchises, licenses or provides services to a portfolio of properties. The Company operates through four segments: owned and leased hotels; Americas management and franchising (Americas); ASPAC management and franchising (ASPAC), and EAME/SW Asia management and franchising (EAME/SW Asia).
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